How
Important is it to have a strong Balance Sheet? Is it okay
to use Entrance Fees to sustain a Balance Sheet that has a
Negative Net Asset Position?

Is your CCRC
financially sound?

When you pay an entrance fee to contract with a CCRC you make a
lifelong commitment for which the CCRC promises you residence and
services for the rest of your life. Some CCRCs, though, go
bankrupt while others encounter financial difficulties and are sold
or financially reorganized.

In addition to NaCCRA's support for the Model Laws, which include
many financial protections for CCRC residents, and for the Bill of
Rights, which recognizes the financial investment required of
entrance fee CCRC residents, NaCCRA has two more directly targeted
proposals.